Are there any extra costs at completion/closing?
It is customary to pay a transfer tax of around 4% of a valuation price which is usually less than your buying price, and this covers all of the costs including legal fees, transfer fees, etc. However, it is typical in the DR to purchase a property inside a Dominican corporation, as this has significant tax benefits to you as a buyer. Please ask us for more details about closing costs and how it works with a Dominican corporation.
